• Microsoft's market cap exceeds $4 trillion after strong earnings report.
• Company reports significant growth in Azure cloud services revenue.
• Microsoft plans $30 billion in capital spending to boost AI capabilities.
• Stock price rises sharply in after-hours trading.
• Microsoft is positioned as a leader in enterprise AI solutions.

Microsoft's market capitalization has surpassed the $4 trillion mark following a successful earnings report that highlighted substantial gains in its Azure cloud services. After-hours trading saw Microsoft shares rise 8.28%, positioning the tech giant to potentially become the second company to break this threshold, following Nvidia according to AA and Reuters.

The firm reported a net income of $27.23 billion for the fiscal quarter ending June 30, reflecting a 24% increase compared to the previous year. Revenue surged by 18% to reach $76.44 billion, driven by a 39% growth in Azure sales and contributions from the company's other segments, such as LinkedIn according to TRT Global and Reuters.

Looking ahead, Microsoft has forecasted a record $30 billion in capital expenditure for the current fiscal quarter, aimed at expanding its AI capabilities amidst soaring demand. This strategic focus has established the company as a dominant force in enterprise AI, demonstrating profitable growth despite significant investment commitments according to Reuters and Reuters.

Additionally, Microsoft's ambitious investment in OpenAI has been instrumental in propelling its stock value, having more than doubled since the introduction of ChatGPT late last year. The company’s innovative AI offerings, such as the Copilot tools, have already seen adoption surpassing 100 million active users according to AA and TRT Global.